In longer-term markets, rates on Treasury bonds had risen appreciably while rates on high-grade bonds
had changed little and those on lower-rated debt had fallen substantially.
These bond segments are now expensive and investors need to understand that exploiting the yield pickup over high-grade bonds
will become riskier in 2007.
Against this backdrop GCC credits remain well-bid along with high-grade bonds
in developed markets (DM).
Notwithstanding the decrease in realized capital gains, Peerless maintains a very conservative investment portfolio that consists of high-grade bonds
that generate a steady income stream offsetting underwriting losses.
After four years of focusing on high-grade bonds
, Llama Asset Management Co.
White added that high yield and high-grade bonds
are not tightly correlated and the combination of those as a whole could produce a portfolio that has less volatility than each individual component.
comprised of high-grade bonds
(74%) and considered conservatively
The company's investments are conservative, consisting primarily of high-grade bonds
Country Life has extremely strong liquidity based on Standard & Poor's liquidity ratio of 487%, with an investment portfolio consisting of high-grade bonds
The company's strategy is to back liabilities with high-grade bonds
and to invest surplus in equities.
The investment portfolio mostly consists of high-grade bonds
augmenting, on a pro forma, consolidated basis, the companies' strong capitalization.
The investment portfolio consists primarily of high-grade bonds
, producing a stable investment income stream.